Chesley Taft & Associates LLC Buys 955 Shares of Crown Castle International Corporation (NYSE:CCI)

Chesley Taft & Associates LLC raised its stake in Crown Castle International Corporation (NYSE:CCI) by 4.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,970 shares of the real estate investment trust’s stock after buying an additional 955 shares during the period. Chesley Taft & Associates LLC’s holdings in Crown Castle International Corporation were worth $2,301,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Crown Castle International Corporation by 4.0% in the first quarter. Vanguard Group Inc. now owns 23,480,879 shares of the real estate investment trust’s stock valued at $2,217,770,000 after buying an additional 901,833 shares in the last quarter. BlackRock Inc. increased its position in Crown Castle International Corporation by 2,213.6% in the first quarter. BlackRock Inc. now owns 23,279,013 shares of the real estate investment trust’s stock valued at $2,198,702,000 after buying an additional 22,272,827 shares in the last quarter. State Street Corp increased its position in shares of Crown Castle International Corporation by 1.0% in the first quarter. State Street Corp now owns 14,766,574 shares of the real estate investment trust’s stock worth $1,394,708,000 after buying an additional 147,313 shares during the period. Morgan Stanley increased its position in shares of Crown Castle International Corporation by 2.1% in the first quarter. Morgan Stanley now owns 7,860,425 shares of the real estate investment trust’s stock worth $742,417,000 after buying an additional 158,840 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Crown Castle International Corporation by 35.3% in the first quarter. Renaissance Technologies LLC now owns 3,998,603 shares of the real estate investment trust’s stock worth $377,668,000 after buying an additional 1,043,700 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle International Corporation (NYSE CCI) traded down 1.11% on Tuesday, reaching $100.03. 2,160,488 shares of the company’s stock traded hands. Crown Castle International Corporation has a 52 week low of $79.38 and a 52 week high of $104.68. The stock has a 50-day moving average of $99.82 and a 200 day moving average of $95.37. The firm has a market capitalization of $36.62 billion, a P/E ratio of 79.83 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last issued its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company earned $1.05 earnings per share. Crown Castle International Corporation’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts expect that Crown Castle International Corporation will post $1.17 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio (DPR) is 304.00%.

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CCI has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $107.00 target price on shares of Crown Castle International Corporation in a research note on Tuesday, April 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Crown Castle International Corporation in a research note on Monday, July 10th. BidaskClub cut shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Citigroup Inc. cut shares of Crown Castle International Corporation to a “market perform” rating in a research report on Monday, June 12th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $104.95.

In other news, COO James D. Young sold 24,646 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $97.50, for a total transaction of $2,402,985.00. Following the completion of the sale, the chief operating officer now owns 140,006 shares of the company’s stock, valued at $13,650,585. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert F. Mckenzie sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $96.48, for a total transaction of $144,720.00. Following the sale, the director now directly owns 28,953 shares of the company’s stock, valued at approximately $2,793,385.44. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Crown Castle International Corporation Company Profile

Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests).

Institutional Ownership by Quarter for Crown Castle International Corporation (NYSE:CCI)

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